5/01/2007

Create Effective Board Packages

This series of posts from Ask the VC provides a good overview of the information you should provide to your Board of Directors in advance of each Board meeting, stating:

A thoughtful board package distributed in advance of your board meeting (combined with the commitment of your board to read said board package in advance of your meeting) is a prerequisite to a good board meeting...One of the distinctions that is critical to understand in order to have effective board meetings is that a board meeting isn't simply a "live”version of the company's board reporting package. (And conversely, a board package isn't simply a paper version of a board meeting.) Board meetings and board packages should be viewed as complementary means of accomplishing two goals—(i) transfer of information and (ii) interactive discussion and critical thought about the state of the business...